Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    565 Boardman Canfield Rd Youngstown, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Redevelopment opportunity in Boardman's commercial corridor.

    Type:LAND
    Lot size:
    5.00 Acres
    Added:
    Jan 23, 2025
    Days on Market:
    466
    Last Refresh:
    Apr 5 at 10:30 pm

    Property Features for 565 Boardman Canfield Rd

    General Information

    Standard status
    Active
    Lot size
    5.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Bill Kutlick

    Listing agent Bill Kutlick

    Listing office Platz Realty Group

    Listing date Jan 23, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Platz Realty Group

    Overview

    Prime Commercial Land Opportunity

    This property presents a redevelopment opportunity situated on US 224, located just east of West Blvd and across from a new Chick-Fil-A. The site offers up to 5 acres with 233 feet of frontage and a depth of 902 feet. The property is divisible. Its central location places it in the heart of Boardman’s commercial corridor, adjacent to Boardman Plaza and across from Giant Eagle and a new Speedway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Youngstown
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6792
    Latitude
    41.0241

    Nearby Similar for Sale

    • $375,000
      2,716 SF

      Updated Duplex in Youngstown, OH

      Stunning, updated duplex with modern amenities and strong rental income.
      321 Meadowbrook Avenue, Youngstown, OH 44512
      View Details
    • $150,000

      Youngstown Commercial Property with Parking

      3000 sqft commercial building with ample parking in Youngstown, OH.
      1535 Logan Avenue, Youngstown, OH 44505
      View Details
    • $325,000

      Youngstown Commercial Land For Sale

      2.5-acre commercial lot with high visibility and easy access.
      W Western Reserve Road, Youngstown, OH 44514
      View Details
    • $899,900

      Permaculture Farm with Agritourism Potential

      23-acre permaculture farm with tiny houses, campsites, and educational center.
      100 Cottage Grove Drive, Youngstown, OH 44505
      View Details
    • $599,500

      Downtown Youngstown Retail Opportunity

      Retail or restaurant space near Youngstown Foundation Amphitheater and Covelli Center.
      200-208 W Front Street, Youngstown, OH 44503
      View Details
    • $669,900

      Well-Maintained Youngstown Quadplex For Sale

      Ranch-style quadplex with spacious layouts and modern functionality.
      4593 Michigan Boulevard, Youngstown, OH 44505
      View Details
    • $250,000
      3,918 SF

      Income-Producing 4-Plex Near YSU

      Fully rented 4-plex near Youngstown State University.
      587 Tod Lane, Youngstown, OH 44504
      View Details
    • $179,900

      Youngstown Commercial Property For Sale

      Commercial property near downtown with garages and vehicle lift.
      1003 South Avenue, Youngstown, OH 44502
      View Details
    • $240,000

      Mixed-Use Property in Youngstown, OH

      Commercial and residential property with salon, renovated in 2020.
      565 S Meridian Road, Youngstown, OH 44509
      View Details
    • $139,900

      Youngstown Duplex: Investment Opportunity

      Ranch duplex in Youngstown with steady rental income.
      3025 Northgate Avenue, Youngstown, OH 44505
      View Details
    • $114,900
      3,120 SF

      Youngstown Brick Duplex with Garage

      Well-maintained two-story duplex with a two-car detached garage.
      2417-2419 Elm Street, Youngstown, OH 44505
      View Details
    • $155,000

      Mahoning Avenue Mixed-Use Investment

      Versatile mixed-use property with commercial and residential spaces.
      2840-2842 Mahoning Avenue, Youngstown, OH 44509
      View Details

    FAQs

    What type of property is this?
    Land - Redevelopment opportunity in Boardman's commercial corridor.
    Where is this land located?
    The property is located at 565 Boardman Canfield Rd Youngstown, OH.
    What are key features of this property?
    This property features: Central location in the heart of Boardman’s commercial corridor.; Redevelopment opportunity on US 224.; Up to 5 acres available.
    (330) 565-5701 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Kutlick
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    565 Boardman Canfield Rd, Youngstown, OH

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!